Barrow Hanley Mewhinney & Strauss LLC Sells 97,517 Shares of CenterPoint Energy, Inc. (NYSE:CNP)

Barrow Hanley Mewhinney & Strauss LLC lessened its position in shares of CenterPoint Energy, Inc. (NYSE:CNP) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,472,107 shares of the utilities provider’s stock after selling 97,517 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in CenterPoint Energy were worth $141,900,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CNP. HighTower Advisors LLC increased its position in shares of CenterPoint Energy by 2.9% during the fourth quarter. HighTower Advisors LLC now owns 80,577 shares of the utilities provider’s stock worth $2,557,000 after purchasing an additional 2,283 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in CenterPoint Energy by 3.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,484,528 shares of the utilities provider’s stock worth $47,104,000 after buying an additional 42,578 shares during the last quarter. Custom Index Systems LLC acquired a new position in CenterPoint Energy during the 4th quarter valued at about $265,000. Atria Investments Inc raised its stake in CenterPoint Energy by 57.1% in the fourth quarter. Atria Investments Inc now owns 34,577 shares of the utilities provider’s stock valued at $1,097,000 after buying an additional 12,563 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in CenterPoint Energy by 7.1% in the third quarter. Principal Financial Group Inc. now owns 847,366 shares of the utilities provider’s stock worth $24,930,000 after acquiring an additional 56,037 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

CNP has been the topic of several recent analyst reports. Evercore ISI upgraded shares of CenterPoint Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $36.00 to $37.00 in a report on Tuesday, March 11th. Barclays raised their price target on shares of CenterPoint Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a report on Monday, January 27th. JPMorgan Chase & Co. boosted their price objective on shares of CenterPoint Energy from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Morgan Stanley raised their target price on CenterPoint Energy from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Finally, Scotiabank upgraded CenterPoint Energy from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $30.00 to $35.00 in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $33.77.

CenterPoint Energy Trading Up 1.6 %

Shares of NYSE:CNP opened at $36.26 on Friday. The business’s 50 day moving average price is $33.85 and its 200-day moving average price is $31.73. CenterPoint Energy, Inc. has a 1 year low of $25.41 and a 1 year high of $36.40. The firm has a market capitalization of $23.66 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 2.71 and a beta of 0.91. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.08 and a quick ratio of 0.92.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. CenterPoint Energy had a net margin of 11.79% and a return on equity of 10.02%. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.46 billion. On average, equities research analysts forecast that CenterPoint Energy, Inc. will post 1.75 earnings per share for the current fiscal year.

About CenterPoint Energy

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.